Codan Limited has entered into a binding agreement, through its wholly owned subsidiary Zetron, to acquire 100% of Eventide Communications LLC (Eventide), a leading U.S.-based provider of mission critical recording and analytics solutions.
The acquisition expands Zetron’s mission-critical ecosystem to bring recording, reporting and critical operational insight together with its proven command-and-control solutions.
Public safety customers, including all PSAPs in the US, are required to have in place a recording solution for incident handling and evidentiary purposes. Eventide’s products allow Zetron to provide the evidence layer, extending the workflow from call taking and dispatch through recording, replay, compliance and investigation.
Critical Insights AI will enhance Zetron’s solutions offering by enabling a range of value-added services including smart search and incident construction, live transcription and translation, and evaluation and coaching.
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Importantly, Eventide will maintain its longstanding commitment to vendor neutrality and interoperability, continuing to develop solutions that integrate with a broad range of communications technologies and manufacturers. Preserving these relationships and supporting customer choice remain central to Eventide’s strategy.
Codan Managing Director and Chief Executive Officer Alf Ianniello said:
“Eventide’s recording products are trusted by customers across all 50 states of the US and internationally for their reliability and intelligence capabilities. Bringing those capabilities into Zetron will extend the workflow across Zetron’s command and control product suite and strengthen its ability to serve public safety and adjacent mission-critical markets.
“Zetron has worked with Eventide as a reseller for over 10 years, so we know the strength of the Eventide brand in market, the quality of their products and the dedication of their people to supporting public safety and first responder communities. We see strong cultural alignment and opportunities to grow Eventide’s reach, while continuing to invest in its technology applications, including its ‘Critical Insights AI’ solution.
“We look forward to welcoming the Eventide team into the Codan Group when the transaction completes.”
Eventide Managing Director Mat Schwartz said:
“Eventide and Zetron share a common vision to provide our markets with as much choice and interoperability as possible, we have highly complementary products, and both organizations have a shared commitment to helping customers globally build more connected and intelligent mission critical operations. Joining Zetron and the broader Codan Group will give us the opportunity to bring our recording solutions to more customers and contribute to a broader command-and-control offering.
“Codan’s engineering, R&D and support capabilities will help us continue investing in our products and better serve emergency communications centers and larger enterprise customers. We will build on our established distribution network and continue supporting customers across a broad range of mission-critical technology platforms.”
Zetron Executive General Manager & President Scott French said:
“Our vision is to deliver the most complete, open ecosystem for mission critical operations, giving organizations the flexibility to connect the technologies they rely on and evolve on their own terms.
“Bringing Eventide Communications into Zetron is an important step in that journey. By connecting command, control and communications with recording and intelligence, we’re expanding what organizations can see, understand and act on, while creating a stronger foundation for the next generation of mission critical operations.”
Founded in 1971, Eventide has established a strong global presence serving public safety, utilities, transportation, defense, and other mission critical markets. Its NexLog recording solutions and Critical Insights AI platform are trusted by organizations worldwide.
SOURCE: Businesswire
